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Topic: Why bitcoin is not supported in some countries? - page 133. (Read 98473 times)

newbie
Activity: 44
Merit: 0
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
 Smiley
newbie
Activity: 32
Merit: 0
As per Wikipedia Articles Why bitcoin is not supported in some countries.
 
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
Read here Whole article
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
full member
Activity: 157
Merit: 100
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

Really, you are not lucky dude, but you are totally blessed. I wish that my country will also be like your country too, I just can't even imagine how does it feel that is not hard for you to share to co citizens there about in bitcoin. In my country now bitcoin is being accepted a little but not as the level like yours.
There are even very strange things with the recognition of bitcoin in some countries. I for example, banks are working on blockchain technology, and the government has yet to officially silent.
sr. member
Activity: 784
Merit: 250
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

Really, you are not lucky dude, but you are totally blessed. I wish that my country will also be like your country too, I just can't even imagine how does it feel that is not hard for you to share to co citizens there about in bitcoin. In my country now bitcoin is being accepted a little but not as the level like yours.
sr. member
Activity: 246
Merit: 250
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
There wont be any tax difficulties and you must consider bitcoin as an asset ,for example if you are investing in bonds you are not paying tax for the amount in bound but you only pay the tax when you are converting or selling it for cash and that is the case with bitcoin too.
Probably safer bitcoin extract and change at Fiat, and then there will be questions from the outside, although a lot of money you should always explains.
full member
Activity: 169
Merit: 100
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

The main reason is country need to protect their currency.

the 2nd reason is prevent ppl change its currency to btc for laundering.

the 3rd is prevent it use in dark area.

4th is prevent the troublesome as btc cant be control .


Actually it is full ignorance.  If not it is because of the corruption.  Using a cryptocurrency will expose these leaders about the illegal stuff they do themselves.  Being used in money laundering and terrorist is just an excuse.  Even regular fiat currency is heavily exploited in these stuff.
All the officials somehow do things to get profit and thus tricking people or without giving them the opportunity to be independent. Therefore, they will do to become a bitcoin is not legalized.
sr. member
Activity: 1498
Merit: 271
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

The main reason is country need to protect their currency.

the 2nd reason is prevent ppl change its currency to btc for laundering.

the 3rd is prevent it use in dark area.

4th is prevent the troublesome as btc cant be control .


Actually it is full ignorance.  If not it is because of the corruption.  Using a cryptocurrency will expose these leaders about the illegal stuff they do themselves.  Being used in money laundering and terrorist is just an excuse.  Even regular fiat currency is heavily exploited in these stuff.
full member
Activity: 224
Merit: 100
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
There wont be any tax difficulties and you must consider bitcoin as an asset ,for example if you are investing in bonds you are not paying tax for the amount in bound but you only pay the tax when you are converting or selling it for cash and that is the case with bitcoin too.
hero member
Activity: 980
Merit: 523
as i know that the bit coin is not uses in some countries due to punishment by their government .if they do not follow their national rule then it may be they locked up in jai in the case of illegal work.
i do not believe it that some countries punishing to users of bitcoin by the government and i think bitcoin is just digital currency and which is just using for online transaction and bitcoin is not illegal currency for me .
full member
Activity: 362
Merit: 100
Newbie in online currency , love learning
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

The main reason is country need to protect their currency.

the 2nd reason is prevent ppl change its currency to btc for laundering.

the 3rd is prevent it use in dark area.

4th is prevent the troublesome as btc cant be control .


legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
As far as I know, most countries do not yet have well-defined regulations regarding the use of Bitcoin, so I could not say that Bitcoin is not supported by most countries, nor would it make much sense to say that such countries are supporting the use of the currency. But in any case, this does not interfere very much in the use of the currency, since the use of the Bitcoin depends more on the users and miners

But this doesn't mean that governments are indifferent toward Bitcoin

in most cases they are either hostile or friendly overall. For example, the Chinese government seems to be covertly hostile toward Bitcoin, though they are obviously trying to hide their hostility just like what the Russian government does (but the latter has been more straightforward, anyway), They don't want to look like a black sheep of sorts if Bitcoin takes off for real eventually, but they don't want to openly endorse it either, especially if it's set to fail in the end. On the other hand, they might not want to be a sheep at all



If you know what I mean
sr. member
Activity: 476
Merit: 250
I am also included in this list of those countries who don't accept bitcoin. But in my country, reason is that my government is not accept it and nor deny it, because our government leaders have no interest in public welfare matters. I wish God give us good government, But my people, they like all crypt currencies and also they are earning from them.
I think what the government is the right thing for them. since by prohibiting bitcoin then they would save them from the threat of currency bitcoin. I think it was the right thing for the government
member
Activity: 91
Merit: 10
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as i know that the bit coin is not uses in some countries due to punishment by their government .if they do not follow their national rule then it may be they locked up in jai in the case of illegal work.
sr. member
Activity: 594
Merit: 250
It is probably because of business that's the number one reason why other nations is not supporting bitcoin, They think bitcoin can affect their business economy, consequently they're doing everything in which bitcoin can't enter to their country, maybe it is also a threat for them too.
newbie
Activity: 35
Merit: 0
As far as I know, most countries do not yet have well-defined regulations regarding the use of Bitcoin, so I could not say that Bitcoin is not supported by most countries, nor would it make much sense to say that such countries are supporting the use of the currency. But in any case, this does not interfere very much in the use of the currency, since the use of the Bitcoin depends more on the users and miners.
hero member
Activity: 1022
Merit: 521
I am also included in this list of those countries who don't accept bitcoin. But in my country, reason is that my government is not accept it and nor deny it, because our government leaders have no interest in public welfare matters. I wish God give us good government, But my people, they like all crypt currencies and also they are earning from them.
I think what the government of each country to ban bitcoin is the right thing to protect their currencies. because of the potential of bitcoin is very high it can make currency of each country be excluded
But for life and living a successfully we do not only need our currency to be dominant. You know that with fiat currency we do not have any much benefits but with the success of bitcoin we are getting a good income from trade and other sources of bitcoin. With bitcoin every country people can access to global market without any third party and there are a lot of other benefits of bitcoin so it is not good for any country to ban bitcoin.
full member
Activity: 126
Merit: 100
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

Maybe because they saw that its a threat for them. The taxation problems make this government do not want to legalize bitcoin.
Another reason why bitcoin is not supported because it can be used for crimes like money laundering, scamming. And no one can track people who do it.
sr. member
Activity: 476
Merit: 250
I am also included in this list of those countries who don't accept bitcoin. But in my country, reason is that my government is not accept it and nor deny it, because our government leaders have no interest in public welfare matters. I wish God give us good government, But my people, they like all crypt currencies and also they are earning from them.
I think what the government of each country to ban bitcoin is the right thing to protect their currencies. because of the potential of bitcoin is very high it can make currency of each country be excluded
hero member
Activity: 896
Merit: 500
I am also included in this list of those countries who don't accept bitcoin. But in my country, reason is that my government is not accept it and nor deny it, because our government leaders have no interest in public welfare matters. I wish God give us good government, But my people, they like all crypt currencies and also they are earning from them.
You mean your government is neutral with bitcoin and that is the case with almost all of the countries . The governments do not find any way that whet to decide about bitcoin so they are silent in that case and I hope they will find a way to accept it for their state.
Yes, all of us hope that bitcoin in received in all countries, but it's not easy.
The Government should think of surefire strategies to adopt this cryptocurrency
into economic structure in his country so that is not the case the country's economic turmoil.
hero member
Activity: 3038
Merit: 634
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

That's good for you pal, but sad to know that some of the country are not like yours. maybe other nation don't accept bitcoin because they'e been thinking anyhow that bitcoin can be in money laundering, but it is only there thoughts and thinking. and many people will speculate it, But no basis at all actually.

I haven't heard that there is a country that is still not invaded by drugs and those girls that are for sell. Drug cartel/syndicates in the world is big.

Good thing that your country is accepting bitcoin so it is here in my country. I think those countries doesn't really like the decentralization of bitcoin.

It can just give them trouble if it happens.
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